We assign a technical rating of 2 out of 10 to NBP. NBP performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
NBP has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.66
When analyzing the resistance we notice 2 important areas.
- Resistance @4.20 from a trend line in the daily time frame.
- Resistance @4.54 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NBP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NBP is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | NBP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NBP is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 40.29 | NEUTRAL | The RSI value for NBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NBP has a negative trend. |
| Stochastics (14,3) | 7.99 | OVERSOLD | The low Stochastics value suggests NBP may be oversold. |
| Average True Range in percent/ATR (20) | 9.28 | HIGH VOLATILITY | The high ATR as a percentage value for NBP suggests high volalility. |
| Average Directional Index/ADX (14) | 21.27 | NEUTRAL | The ADX value for NBP suggests a possible start of a new trend. |
3.7
-0.09 (-2.37%)
NOVABRIDGE BIOSCIENCES / NBP FAQ
Can you provide the ChartMill technical rating for NOVABRIDGE BIOSCIENCES?
ChartMill assigns a technical rating of 2 / 10 to NBP.
What is the current trend direction of NOVABRIDGE BIOSCIENCES (NBP) stock?
The current trend direction for NOVABRIDGE BIOSCIENCES (NBP) is Bullish.
What is the RSI signal for NOVABRIDGE BIOSCIENCES (NBP) stock?
NOVABRIDGE BIOSCIENCES (NBP) has an RSI value of 40.2936. This indicates that the stock is currently neutral.
What is the MACD signal for NBP stock?
The MACD indicator for NOVABRIDGE BIOSCIENCES (NBP) has a value of -0.102561, indicating a bearish trend.
What is the support and resistance level for NBP stock?
NOVABRIDGE BIOSCIENCES (NBP) has a resistance level at 4.2. Check the full technical report for our detailed analysis of NBP support and resistance levels.